国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

China to float its 2nd batch of QDII

(Xinhua)
Updated: 2007-12-21 20:36

ICBC Credit Suisse Asset Management Ltd. announced it will raise 22 billion yuan ($2.87 billion) under the Qualified Domestic Institutional Investor (QDII) scheme, ushering in China's second batch of QDII.

The subscription period for the fund, named "China Opportunity-Global Stock Fund", will run from January 3 to February 1, 2008 for both individual investors and institutional investors, via all major banks and securities companies in the country.

So far, only four QDII products  - JP Morgan Fund QDII, Harvest Overseas Fund, Huaxia Global Selected Stock Fund and Southern Global Enhanced Balanced Fund - have been issued two months ago.

Different from the first batch of QDII, "China Opportunity-Global Stock Fund" will focus its investments on stocks of both companies on Chinese mainland listed in overseas markets and foreign companies which will benefit from China's economic growth.

The QDII fund, which plans to allocate more than 60 percent of its assets in stocks, will also invest in government bonds, repurchase agreements, stock index futures and derivatives.

Zao Guanye, investment manager with ICBC Credit Suisse Asset Management Ltd, will be designated as fund manager. Also, Mr. Boon Hong Yeo and Dr. Patrick Kolb are invited to assist in the overseas business. Mr. Yeo is regional president of Asia with Credit Suisse. He has 20-years of managerial experience and ran similar funds in Singapore and Malaysia during the past few years.

China's overseas investment program, commonly referred to as Qualified Domestic Institutional Investor program, allows banks to take institutions and individual funds in yuan and invest them in fixed-income products and stocks offshore. Before May of this year, banks were restricted to fixed-income products for their overseas investment.

The existing four QDII funds performed under expectation and some of them even saw over 10 percent loss from the principal, largely due to the sharp fall of the Hong Kong stock market in recent months.

However, analysts believed China's QDII products would still have a good performance in the long term.

The Chinese government had underscored its intention to open up the country's financial markets by tripling the investment quota of QDII from 10 billion USdollars to 30 billion USdollars, a move that came just ahead of the third Sino-US Strategic Economic Dialogue held last week.

"Our team should closely focus on the theme of 'China Opportunity' to invest in global equity markets. Under QDII scheme we can seize overseas chances that cannot find on domestic market, " said Cao Guanye, the would-be fund manager.

ICBC Credit Suisse Asset Management Ltd is the first asset management joint ventures in China. Its share holder are Industrial and Commercial Bank of China Co.,Ltd (55 percent), Credit Suisse (25 percent) and China Ocean Shipping Company(20 percent).



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
云梦县| 信丰县| 黄龙县| 乐山市| 天长市| 昌都县| 苍山县| 同德县| 平阳县| 夹江县| 宝坻区| 定陶县| 汉源县| 崇礼县| 阜南县| 乐昌市| 渭源县| 肃宁县| 宁德市| 邵阳市| 开阳县| 子洲县| 昌黎县| 农安县| 孟州市| 文昌市| 师宗县| 称多县| 定西市| 策勒县| 石景山区| 靖江市| 台前县| 江陵县| 英德市| 普宁市| 韶关市| 孟津县| 阳信县| 长乐市| 瑞安市|